Media roundup - Gov't, Philips, Pearson, Future, Clear Channel

We bring you the buzz from the wider media sphere, across the world and across the web. This week: Gov't slammed for ad spend cuts; Philips places 300m account; Pearson to sell FTSE International stake; Future launches archive library; Clear Channel keeps bus shelter contracts.

Government under fire after DH adspend cuts
The squeeze on the Government's advertising budget was attacked as a "false economy" this week after it revealed spending on health campaigns had slumped.

Ogilvy & Mather wins £300m global Philips business
Philips, the electronics giant, has appointed Ogilvy & Mather as the lead creative agency on its £300 million global advertising account.

Pearson to sell its 50% stake in FTSE International
Pearson, the publisher of the Financial Times, is to sell its 50% stake in FTSE International to the London Stock Exchange for £450m, as it looks to focus on business news and analysis, and away from data.

Future appoints new marketing head and launches archive library
Future Publishing has appointed former IPC marketing executive Sam Wight to the new role of group marketing manager for its entertainment titles, and has launched an image archive library containing tens of thousands of images.

Clear Channel holds on to bus shelter contracts
Clear Channel Outdoor has retained the long-term street furniture contracts for the cities of Norwich and Southampton, following a competitive pitch.